With reference to growth stage of Product life cycle, which statement is/are NOT correct?

(1) New models of products are introduced.

(2) Sales fall down sharply.

(3) Distribution is widened.

(4) Prices are at competitive levels.

1. 1 and 3
2. 2 and 3
3. 3 and 4
4. Only 2

Enumerate the elements of marketing mix.

OR

Mention the four elements of marketing mix.

OR

Mention the elements of the Marketing mix.

"Parity pricing is not relevant under the present marketing conditions." Justify either for or against by giving two reasons.

What is parity pricing?